iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Short Interest Up 556.2% in April

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 958 shares, a growth of 556.2% from the April 15th total of 146 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,280 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares ESG MSCI EM Leaders ETF

A number of institutional investors have recently modified their holdings of LDEM. Morling Financial Advisors LLC acquired a new position in iShares ESG MSCI EM Leaders ETF in the 4th quarter worth about $27,000. Farther Finance Advisors LLC acquired a new stake in iShares ESG MSCI EM Leaders ETF in the third quarter valued at approximately $46,000. Flagship Harbor Advisors LLC acquired a new stake in iShares ESG MSCI EM Leaders ETF in the third quarter valued at approximately $212,000. Pathfinder Wealth Consulting Inc. purchased a new stake in shares of iShares ESG MSCI EM Leaders ETF in the fourth quarter valued at approximately $276,000. Finally, Jane Street Group LLC raised its stake in shares of iShares ESG MSCI EM Leaders ETF by 12.0% during the 4th quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after buying an additional 625 shares during the period.

iShares ESG MSCI EM Leaders ETF Stock Performance

Shares of LDEM traded up $0.02 during trading hours on Thursday, hitting $63.06. The stock had a trading volume of 1,459 shares, compared to its average volume of 2,620. The firm has a 50-day moving average price of $60.09 and a 200 day moving average price of $60.32. iShares ESG MSCI EM Leaders ETF has a fifty-two week low of $50.60 and a fifty-two week high of $64.73. The firm has a market capitalization of $34.68 million, a price-to-earnings ratio of 14.34 and a beta of 0.66.

About iShares ESG MSCI EM Leaders ETF

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.